What next for Ripple-linked XRP as technicals suggest key breakout ahead
CoinDesk
XRP is climbing on strong volume and demand, indicating accumulation despite bearish sentiment, with a key breakout anticipated above $1.42.Summary
XRP has risen 3% to $1.37, driven by strong volume and increasing demand, which contrasts with deeply bearish market sentiment. This setup suggests a potential significant price move if XRP can break through the $1.42-$1.45 resistance zone. Technical analysis shows a pattern of higher lows and accumulation, with the breakout above $1.35 occurring on strong volume. Despite the positive short-term price action, the broader trend remains in consolidation, awaiting a decisive breakout. Traders are watching for XRP to hold above $1.35 as support, with a clear break above $1.42-$1.45 needed to signal a stronger trend shift. A failure to hold $1.33-$1.30 could reintroduce downside risks.
(Source：CoinDesk)